Level the field for all businesses

With the recent announcement that 21 new stores will open, Bass Pro Shops is now nationally recognized as an outdoor megastore.

While Missourians should be proud that the Springfield-based business has become a national brand and arguably changed the retail industry for fishing and hunting enthusiasts, we must not overlook how Bass Pro spread from coast to coast.

Many, if not most, Bass Pro stores have received local government subsidies, such as Tax Increment Financing (TIF). Local governments offer these subsidies to attract retailers such as Bass Pro with the expectation of increasing property values and bolstering sales taxes.

These taxpayer-funded stores rarely live up to the promise community leaders envision. One example is Independence. In February 2011, the city had to supply $3.5 million to cover bond payments that increased property and sales taxes that a Bass Pro project failed to cover.

Bass Pro may have achieved part of its status as a premier outdoor retailer through taxpayer-funded subsidies, but do not blame Bass Pro officials. They are merely taking the handouts local politicians are offering.

Instead of offering incentives to a select few businesses, leaders should work to spur economic growth by leveling the playing field and providing low taxes and fewer regulations for all.

William Reynolds is an intern with the Show-Me Institute.

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Email this article

Level the field for all businesses

William ReynoldsSt. LouisWith the recent announcement that 21 new stores will open, Bass Pro Shops is now nationally recognized as an outdoor megastore.While Missourians should be proud that the